The hedge fund manager exceeded 5 percent ownership on Nov.
2 in MF Global, two days after the firm filed for court
protection, a 13-G filing shows. MF Global’s Chairman and Chief
Executive Officer Jon Corzine resigned last week after
delivering the company’s worst quarterly loss, a $6.3 billion
wager on European sovereign debt rattled investor confidence and
its credit ratings were cut to junk, leading to the eighth-largest U.S. bankruptcy.

Corzine, the former co-CEO of Goldman Sachs Group Inc., was
co-head of fixed income in 1992 when Tepper, a bond trader, left
the investment bank. Tepper, whose Appaloosa is based in Short
Hills, New Jersey, declined to comment.